ERGO NA Senior Portfolio Account Manager

About the Company

As the world’s leading reinsurance company with 40,000 employees at over 50 locations globally, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. Join us in working on topics today that will concern society tomorrow, whether that’s climate change, major construction projects, medical risk assessment, or even space travel. Together, we embrace a culture where multiskilled teams dare to think big, creating the new and the different for our clients while cultivating innovation.

Munich Re America Services (MRAS) is a shared service organization delivering services to all Munich Re US P&C Companies and other group entities. As part of Munich Re's US operations, we offer the financial strength and stability of the world’s preeminent insurance and reinsurance brand. Our risk experts collaborate to assemble the right mix of products and services to help clients stay competitive—from traditional reinsurance coverages to niche and specialty reinsurance and insurance products.

ERGO is one of the major insurance groups in Germany and Europe, represented in over 20 countries worldwide, with a focus on core and growth markets in Europe and Asia. ERGO offers a comprehensive range of insurance policies, pensions, investments, and services. With ERGO’s recent acquisition of Next Insurance, the group is now entering the North American insurance market for the first time.

About the Role

Future-focused and always one step ahead, the ERGO NA Sr Underwriter will report directly to the Head of ERGO NA. This role serves as the primary liaison between ERGO/NEXT and both the ERGO and MRAS underwriting offices, fostering strong relationships and collaboration with stakeholders including local management, claims, actuarial, underwriting, and data solutions teams.

Responsibilities

• Serve as the primary contact for ERGO/NEXT within ERGO’s CUO division.
• Coordinate and conduct structured management dialogues with ERGO NA business to set and monitor targets, identify deviations through local reporting, and collaborate with local management to define corrective measures. Ensure follow-up on agreed actions.
• Actively participate in ERGO/NEXT’s squads dealing with topics relevant to the CUO function.
• Provide oversight of the P&L by engaging with claims, actuarial, underwriting, and data solutions teams to support ERGO/NEXT.
• Ensure close cooperation and collaboration with other teams within GSI, ERGO Global P&C teams, and the corporate Munich Re network.
• Facilitate effective communication and coordination between the local company, Global P&C, and other group functions including ERGO International, Controlling, and IRM.
• Support and implement underwriting guidelines, training, audits, and due diligence, including follow-up actions.
• Actively participate in planning processes and conduct regular monitoring activities.
• Prepare and follow up on meetings with the Board of Directors, ensuring thorough documentation and actionable outcomes.

Qualifications

• Minimum of 7 years of professional experience in the US P&C industry, with a focus on small commercial lines.
• Deep experience in underwriting and risk management.
• Strong analytical and problem-solving skills to identify deviations, assess risks, and define corrective actions.
• Skilled at navigating cross-functional stakeholders in a matrix structure with a balanced approach to decision-making.
• Excellent communication and interpersonal skills to serve as a primary contact and foster collaboration across multiple teams and geographies.
• Willingness to travel within the US and occasionally overseas.
• Knowledge, skills, and capabilities acquired through a university degree in mathematics or economics and/or equivalent training in the insurance industry.

The company is open to considering candidates in Princeton, NJ.

Pay

The base salary range for this position is $144,000–$212,000, plus opportunity for a company bonus based on a percentage of eligible pay. Factors such as specific skills, years of experience, and comparison to other employees in the role may determine your actual salary. Most candidates will start in the bottom half of the range.

Benefits

• Two options for health insurance plans (PPO or High Deductible).
• Prescription drug coverage included in health insurance plans.
• Vision and dental insurance plans.
• Basic life insurance equal to 1x annual salary and AD&D coverage equal to 1x annual salary, provided at no cost.
• Short- and long-term disability coverage.
• Supplemental life and AD&D plans available for purchase for yourself and dependents (includes spouse/domestic partner and children).
• Voluntary benefit plans that supplement health and life insurance (Accident, Critical Illness, and Hospital Indemnity).
• A robust 401k plan with up to a 5% employer match.
• A retirement savings plan that is 100% company-funded.
• Paid time off starting at 24 days per year, with additional days added for milestone service anniversaries.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program to enhance charitable donations.
• Paid time off to volunteer in your community.
• A variety of health and wellness programs provided at no cost.